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Real Estate Fund

Investment Adviser: Foresters Investment Management Company, Inc. is the Fund's investment adviser  

Portfolio Manager: Vincent Kwong

Investment Objective and Strategy

The Fund seeks total return. Under normal circumstances, the Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in common stocks and other equity securities of companies principally engaged in the real estate industry and/or investments that provide exposure to such companies. The Fund will normally invest its assets primarily in securities issued by real estate investment trusts listed on a U.S. stock exchange. 

Sector Allocation (%)

As of 06-30-2017

This information is for illustrative purposes only and includes only invested cash; therefore, the sum of all sectors as a percentage of net assets may not equal 100%.

Returns as of 06-30-2017 06-30-2017
Gross/Net Exp as of 09-30-2016 Gross/Net Exp as of 09-30-2016
Average Annual Total Returns
Class 1 Yr. % 3 Yr. % 5 Yr. % 10 Yr. % Since inception* Inception date Gross/Net Exp %
Average Annual Total Returns
Aat NAV-5.70N/AN/AN/A0.3204-06-20151.54/1.45
w/ sales charge-11.16N/AN/AN/A-2.3104-06-20151.54/1.45
Advisorat NAV-5.39N/AN/AN/A0.7304-06-20151.21/1.12
Institutionalat NAV-5.23N/AN/AN/A0.8504-06-20151.06/1.00
Average Annual Total Returns
ClassA
at NAV
1 Yr. %-5.70
3 Yr. %N/A
5 Yr. %N/A
10 Yr. %N/A
Since inception*0.32
Inception date04-06-2015
Gross/Net Exp %1.54/1.45
Average Annual Total Returns
ClassA
w/ sales charge
1 Yr. %-11.16
3 Yr. %N/A
5 Yr. %N/A
10 Yr. %N/A
Since inception*-2.31
Inception date04-06-2015
Gross/Net Exp %1.54/1.45
Average Annual Total Returns
ClassAdvisor
at NAV
1 Yr. %-5.39
3 Yr. %N/A
5 Yr. %N/A
10 Yr. %N/A
Since inception*0.73
Inception date04-06-2015
Gross/Net Exp %1.21/1.12
Average Annual Total Returns
ClassInstitutional
at NAV
1 Yr. %-5.23
3 Yr. %N/A
5 Yr. %N/A
10 Yr. %N/A
Since inception*0.85
Inception date04-06-2015
Gross/Net Exp %1.06/1.00
Average Annual Total Returns
Class 1 Yr. % 3 Yr. % 5 Yr. % 10 Yr. % Since inception* Inception date Gross/Net Exp %
Average Annual Total Returns
Aat NAV-5.70N/AN/AN/A0.3204-06-20151.54/1.45
w/ sales charge-11.16N/AN/AN/A-2.3104-06-20151.54/1.45
Advisorat NAV-5.39N/AN/AN/A0.7304-06-20151.21/1.12
Institutionalat NAV-5.23N/AN/AN/A0.8504-06-20151.06/1.00
Average Annual Total Returns
ClassA
at NAV
1 Yr. %-5.70
3 Yr. %N/A
5 Yr. %N/A
10 Yr. %N/A
Since inception*0.32
Inception date04-06-2015
Gross/Net Exp %1.54/1.45
Average Annual Total Returns
ClassA
w/ sales charge
1 Yr. %-11.16
3 Yr. %N/A
5 Yr. %N/A
10 Yr. %N/A
Since inception*-2.31
Inception date04-06-2015
Gross/Net Exp %1.54/1.45
Average Annual Total Returns
ClassAdvisor
at NAV
1 Yr. %-5.39
3 Yr. %N/A
5 Yr. %N/A
10 Yr. %N/A
Since inception*0.73
Inception date04-06-2015
Gross/Net Exp %1.21/1.12
Average Annual Total Returns
ClassInstitutional
at NAV
1 Yr. %-5.23
3 Yr. %N/A
5 Yr. %N/A
10 Yr. %N/A
Since inception*0.85
Inception date04-06-2015
Gross/Net Exp %1.06/1.00

*For funds with less than 1, 3, 5 or 10 year performance data.

 

 

The performance data quoted represents past performance. Past performance does not guarantee future results. Investment return and principal value will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than the performance data quoted. Performance of share classes will differ because each class is sold pursuant to different sales arrangements and bears different expenses.  The Class A returns shown with sales charges are based on the maximum sales charge of 5.75%. The Class B returns shown with sales charges are adjusted for the applicable deferred sales charge (maximum of 4% in the first year). The Advisor Class and Institutional Class returns are shown as NAV only returns since these classes are sold without sales charges. Redemptions of Class B shares may be subject to a deferred sales charge. For performance data current to the most recent month-end call 800 524 2803 or visit Pricing & Performance. Returns may reflect waivers or reimbursements of certain expenses. Absent of these waivers or reimbursements, returns may be lower.

Sector Allocation (%)

As of 06-30-2017

This information is for illustrative purposes only and includes only invested cash; therefore, the sum of all sectors as a percentage of net assets may not equal 100%.

Top Holdings (%)

As of 06-30-2017
Top Holdings (%)
Security% of Total Net Assets
Simon Property Group, Inc.9.5%
Public Storage6.8%
GGP, Inc.4.9%
AvalonBay Communities, Inc.3.7%
Equity Residential3.6%
Tanger Factory Outlet Centers, Inc.3.6%
Life Storage, Inc.3.5%
Extra Space Storage, Inc.3.5%
Macerich Company3.2%
Welltower, Inc.3.2%
Total45.4%

This information is solely for illustrative purposes. The portfolio as of the date of this report may or may not be the same as the portfolio on the date this material is used.

Class A Advisor Class Institutional Class
Shareholder Fees (fees paid directly from your investment)
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) 5.75%1 None None
Maximum deferred sales charge (load) (as a percentage of the lower of purchase price or redemption price) 1.00%2 None None
Class A Advisor Class Institutional Class
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Management Fees 0.75% 0.75% 0.75%
Distribution and Service (12b-1) Fees 0.30% None None
Other Expenses 0.49% 0.46% 0.31%
Total Annual Fund Operating Expenses 1.54% 1.21% 1.06%
 Fee Waiver and/or Expense Reimbursement4 0.09% 0.09%  0.06% 
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement
 1.45%  1.12% 1.00% 

1 Due to rounding of numbers in calculating a sales charge, you may pay more or less than what is shown above.

2 A CDSC of 1.00% will be assessed on certain redemptions of Class A shares that are purchased without a sales charge.

3. Expenses are based on estimated expenses expected to be incurred for the current fiscal year.

4. The Adviser has contractually agreed to limit fees and/or reimburse expenses of the Fund until at least January 31, 2018, to the extent that Total Annual Fund Operating Expenses (exclusive of interest expenses, taxes, brokerage commissions, acquired fund fees and expenses, dividend costs related to short sales, and extraordinary expenses, such as litigation expenses, if any) exceed 1.45% for Class A, 1.12% for Advisor Class and 1.00% for Institutional Class shares.  The Adviser can be reimbursed by the Fund within three years after the date the fee limitation and/or expense reimbursement has been made by the Adviser, provided that such repayment does not cause the expenses of the Fund’s Class A, Advisor Class or Institutional Class shares to exceed the applicable expense ratio in place at the time the expenses are waived or assumed.  The fee limitation and/or expense reimbursement may be terminated or amended prior to January 31, 2018, only with the approval of the Fund’s Board of Trustees.

Vincent Kwong

Vincent Kwong

Portfolio Manager:  Vincent Kwong, CFA, Portfolio Manager, Equities at The Independent Order of Foresters (“IOF”), FIMCO’s ultimate parent, has served as portfolio manager since the Fund’s inception in 2015.

How to obtain a prospectus
For more complete information on any First Investors fund, you may obtain a free prospectus by downloading it here, contacting your registered representative, or calling 800 423 4026. You should consider the investment objectives, risks, fees or charges, and expenses of the fund carefully before investing. The prospectus and summary prospectus contain this and other information about the fund, and should be read carefully before you invest or send money. An investment in a fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency.



Principal Risks:  You can lose money by investing in the Fund.  There is no guarantee that the Fund will meet its investment objective.  The Fund is intended for investors who:

  • Are seeking total return,
  • Want exposure to the real estate industry,
  • Are willing to accept a high degree of investment risk, and
  • Have a long term investment horizon and are willing to ride out market cycles.

Here are the principal risks of investing in the Fund:

Industry Concentration Risk. The Fund’s strategy of concentrating its investments in issuers engaged in the real estate industry means that the Fund’s performance will be closely tied to the performance of that market segment.  The Fund will be more susceptible to adverse economic, market, political or regulatory occurrences affecting the real estate industry than a less concentrated fund.

Interest Rate Risk.  In general, when interest rates rise, the market values of real estate and real estate companies decline, and when interest rates decline, the market values of real estate and real estate companies increase.  As of the date of this prospectus, interest rates are near historic lows, which may increase the Fund’s exposure to the risks associated with rising interest rates.

Liquidity Risk.  The Fund is susceptible to the risk that certain investments may be difficult or impossible to sell at a favorable time or price.  Market developments may cause the Fund’s investments to become less liquid and subject to erratic price movements.  Liquidity risk is heightened for real estate companies and REITs with smaller market capitalizations, limited investments, larger amounts of debt, or higher levels of exposure to sub-prime mortgages.

Market Risk.  The prices of equity securities, including securities issued by REITs,  may decline or experience volatility over short or even extended periods not only because of issuer-specific developments, but also due to general economic and market conditions, adverse political or regulatory developments or interest rate fluctuations.  Adverse market events may lead to increased redemptions, which could cause the Fund to experience a loss or difficulty in selling securities to meet redemptions.

Mid-Size and Small-Size Issuers Risk.  The market risk associated with securities of mid- and small-size companies is generally greater than that associated with securities of larger, more established issuers because securities of mid- and small-size issuers tend to experience sharper price fluctuations.  At times, it may be difficult for the Fund to sell securities of mid-to small-size issuers at reasonable prices.

Non-Diversification Risk.  The Fund is non-diversified and, as such, its assets may be invested in a limited number of issuers. This means that the Fund’s performance may be substantially impacted by the change in value of even a single holding. 

Prepayment and Extension Risk.  When interest rates decline, borrowers tend to refinance their mortgages.  When this occurs, mortgages may suffer a higher rate of prepayment and a mortgage or hybrid REIT’s income and share price may decline.  Conversely, when interest rates rise, borrowers tend to repay their mortgages less quickly, which generally increases a mortgage or hybrid REIT’s sensitivity to interest rates and its potential for price declines.

Real Estate Investments Risk.  The Fund is subject to the risks related to investments in real estate,  including declines in the real estate market, decreases in property revenues, increases in interest rates, increases in property taxes and operating expenses, legal and regulatory changes, a lack of credit or capital, defaults by borrowers or tenants, environmental problems and natural disasters.

REIT Risk.  In addition to the risks associated with the real estate industry, REITs are subject to additional risks, including those related to adverse governmental actions, declines in property value, and the potential failure to qualify for federal tax-free pass through of net income and gains and exemption from registration as an investment company. REITs are dependent upon specialized management skills and may invest in relatively few properties, a small geographic area or a small number of property types.  As a result, investments in REITs may be volatile.  REITs are pooled investment vehicles with their own fees and expenses, and the Fund will indirectly bear a proportionate share of those fees and expenses.

Security Selection Risk.  Securities selected by the portfolio manager may perform differently than the overall market or may not meet the portfolio manager’s expectations.

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